3028 sqft
$1,350,000
Prime investment or owner-occupier opportunity in downtown Kemptville: a newly renovated 3,028 sq ft mixed-use commercial building. All permits were ov The ground floor features two commercial spaces totaling 1560 sq ft—a boutique clothing store and an aesthetic salon/office—providing steady rental income. The upstairs 912 sq ft unit is a fully furnished 2-bedroom, 2-bathroom Airbnb with modern amenities, ideal as a residence or long-term rental. The Airbnb can be professionally managed or managed by the owner. This turnkey investment offers a gross operating income of $84,000 and operates at a 5% cap rate, ensuring strong financial performance. Zoned C1-Downtown Commercial, the property allows for diverse uses and future development potential, complemented by a rear parking lot. Live upstairs while collecting rent from commercial tenants below, or rent out both spaces. Just 30 minutes from Ottawa, this property features the best of a maximized mixed-use investment. (id:49712)
Property Details
MLS® Number | 1397891 |
Property Type | Retail |
Neigbourhood | Downtown Kemptville |
ParkingSpaceTotal | 10 |
Building
ConstructedDate | 1920 |
SizeInterior | 3028 Sqft |
Land
Acreage | No |
SizeDepth | 163 Ft ,2 In |
SizeFrontage | 33 Ft |
SizeIrregular | 32.99 Ft X 163.2 Ft (irregular Lot) |
SizeTotalText | 32.99 Ft X 163.2 Ft (irregular Lot) |
ZoningDescription | C1-downtown Commerci |
https://www.realtor.ca/real-estate/27061151/126-128-prescott-street-kemptville-downtown-kemptville